Genex Power Ltd. (AU:GNX) has released an update.
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Genex Power Limited has announced a significant change in director Simon Kidston’s holdings, where he disposed of all 8,663,827 of his indirect interest in fully paid ordinary shares following the implementation of a members’ scheme of arrangement by J-POWER Nominee. This change leaves the director with zero shares held after the transaction. The disposal is part of a broader acquisition strategy by J-POWER Nominee, which aimed to consolidate ownership of Genex shares not previously held.
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